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PPL doubles profits to £8.8mn in 2021

According to financial reports, 90% of London market wholesale specialty insurance business is placed through PPL’s platform.

Aisling Finn, 04 October 2022
Ariel Re granted approval to launch Lloyd’s managing agent

Darren Lednor will become managing agent, while Mark Pickett will be active underwriter.

Aisling Finn, 04 October 2022
FCA urges firms to improve governance, data and customer service after Covid BI review

UK insurers have now paid out £1.2bn in final settlements for claims relating to pandemic closures.

Rachel Dalton, 04 October 2022
Retro-reliant reinsurers pausing to assess Ian losses: Aon

Some reinsurers are in “business as usual” mode after Hurricane Ian, while others are pausing to assess the event, as it is too early to tell how cat risk appetite will change, the broker said.

Fiona Robertson, 04 October 2022
CNA Hardy expands in Europe with slew of appointments

The carrier has made appointments in Cologne, Milan, Copenhagen and Amsterdam.

Rachel Dalton, 04 October 2022
Miller launches bloodstock and livestock team led by WTW’s Horne

Archie Horne is also joined by his former team: Florence Crowhurst, Harry Findlay and Ben Roe.

Aisling Finn, 04 October 2022
Ardonagh launches in Netherlands with Léons acquisition

The Dutch broker will continue to operate independently as part of the Ardonagh Group, led by Sunny and Nico Léons.

Aisling Finn, 04 October 2022
Analysis: How much ILS capital could be trapped by Ian?

Sister title Trading Risk ran some scenarios applying market share figures and loss ranges to paint a picture of how the quantum of trapped capital could evolve.

Catrin Shi, 04 October 2022
Domino effect would be needed to drive Ian losses to high end of range: Aon model expert

The broker’s global head of catastrophe management Dan Dick said that a realistic view on Ian’s loss suggests it would remain an earnings event for (re)insurers.

Fiona Robertson, 03 October 2022
RMS mean figure for Carolinas component of Ian tracks up to $1.9bn

RMS pushed the guidance for the Carolinas component of the Ian loss $120mn higher at the mean level up to $1.94bn, as it updated figures on Saturday in private figures to clients.

Liz Bury, 03 October 2022

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